Bitcoin Forum

We dipped below 6k on the weekend. What do you guys think, is it a bottom this time and it is time for epic Long?

Personally I felt like it was the bottom at 8k at 7k and multiple times already at 6.7k and at 6.2k, so I am wary about calling it a bottom again just to see it drop another 500   :-X

Logically this should be the bottom for bitcoin because we have already lost too much of the money through the market. This could be the bottom for one very important reasons, bitcoin's current market cap is sufficient enough to hold it at this point and thus we will have no more surges than this. For the time being crypto currencies are just creating their small resistance around currency prices as investors are not agreeing to get back into the crypto, the weak hands are still in state of shock and thus everything is stunned for now. As soon as market will see some good 15-20% spikes then people will re-enter and so as the market too.
This is why the bottom has already been reached according to my guess but no body knows whats kept ahead.

i dont' know why but i see now the market is make bottom with volume is very low,it means there are a few people want to sell BTC,ETH,there are not many people want to buy BTC ETH.it mean now the market is very balance bettween buyer-seller so i beleive the market will recorvery again,now the market need more good information to the market can go up

Because people are losing money doesn't make it the bottom. The market doesn't care if people are in lose or not, there is no correlation to it. With the current situation, Bitcoin could go easily below $5,000 and if that happens it's only a matter of time and could happen very soon, surely during this summer. To add to that, I don't remember the market being good during the summer.

I don't think that we have seen the bottom because the market is  still shaky even though the price went above $6K. I'm thinking that it might be another bull trap in the next coming weeks. I thought that the last bottom is $6500 though, but I'm shocked to see it bottom again at $5800-$5900.



Yes, losing money right now is not a good measurement to say that we have really bottom. We have lost so much money but still the price keeps going down because of so many negative factors surrounding crypto. Maybe investors really find the price attractive to buy at the last bottom, but it doesn't mean that this is the last bottom we might see this year.

I wish this was the bottom. But if you look objectively, it's unlikely now. Need good news. Then we can see a decent sharp rise.

I think that is bottom but crypto doesn't have positive news/ rumor to raise again. Market only need news/ rumors that can give positive impact to trader/ investor create transactions again. Most people wait with their money to enter market again but without good sign from news/ rumors they will wait longer than before.

at this point it is impossible to say. we have no clue to say whether price is going to rise or fall at this point and with the volume declining it may just be that others don't have a clue either. which means everyone is waiting it out and you may have to do the same in my opinion.
we are past the bottom and all that. if anything the current price is way below the real "bottom" and this here is underpriced bitcoin. and that can not last long.

I think it's not the bottom price of this year but this is only my opinion. Because it's too early to say that price was the bottom there are many months are coming so we have to wait tell the end. No one knows what will happen in the future.

And about what day we can speak?
For someone the bottom is 6000, for someone 3000, and for someone cost $5 as bitcoin once therefore this question doesn't demand discussion)
My opinion - we won't fall lower than 3000, and new tops in 20,30 and is absolutely close to 100к$, it is worth waiting slightly

The $6k is a strong support and the market structure. Going below at that price will be a disastrous moment for bitcoin but as you can see, as the price of bitcoin goes below it, buyers quickly bought bitcoins and that is the reason why now the price of it is now above 6k although I think it will not be there for a long time. Maybe some buyers are just shorting bitcoin and they are buying just for quick profit.

For me, if the price goes below 6k and will be there for a long time, BRACE FOR IMPACT because there is a high chance that it will go below on that level more and will continue the downside.

You want to see the bottom? Well there is none basically because when bitcoin started then it started with couple of dollars in the past. That was the bottom of it. So I am not sure why we say current is bottom for the bitcoin instead of the fact that it could drop down even below this price at any time if there is no proper support for it from the investors right now. The bottom can never be predicted, at this point it could either start going up or it could drop even below than this.

We see that price is go low to 5800$ and it stay at that level just a few hours, then it bounce back to 6250$ so it is clear for now that there is strong resistance between 5800-6000$ for some time. I agree that price can go in both ways anytime, and since summer time on northern hemisphere is always in some way "bad" time for crypto, it is possible that even lower levels will be tested.

I am more interesting what will happen in last 2-3 months of this year, can we see any postive changes or we will stay in bear market until some new "big thing" that will couse new pump. Specualtion that big capital is just waiting to enter in crypto markets is something we can read/hear almost daily, I hope there is some truth in that.

Honestly, I don't know anymore. I was hopeful that when the price of bitcoin is starting to fall down from $8k range that it would only go down as much as $6,500 because I thought that it would have many supports from then on that will surely cause resistance but I was wrong and it went down below. Now we are seeing slight recoveries and let's just hope that another dip will not occur and continue recovering.

There can be another dip around 5250 for BTC/USD. That's what I am waiting for. So I need to see one week after 5750 dip so this week is important

 For me basically 5k is the new and final bottom on this volatility,  because after the price touch down 5k it shows potential to increase until now which is the price is gradually increasing and in my view soon it will jump to the ath after it gained enough strength

That was funny. But because we almost have the same speculation. I thought the bottom was 2 months ago and then 1 month ago and then baaam!! here comes another price dip.

It is really hard to predict the market of crypto currency. All we can do is go with the flow. Regret that I didnt sell with those large prices but I am still okay with just holding for now. Got no choice though.

indeed the state of the market for now is very complicated, it is very difficult to predict whether it is now in the bottom or later market conditions can still be in the bottom position again.
for the current circumstances alone we have a lot of losing a lot of money especially if the market conditions getting worse.
but I remain optimistic market conditions will not be like this continuous state of the market can definitely recover and hopefully the price can quickly soar again.

Then stop being bothered about calling the bottom price, it's not like there's much you can do about bitcoin's price dropping even to $500! Get with the flow and do what other smart traders do in when there's a a drop in price.

epic Long? with the tough stances that governments are imposing on bitcoin? I think we have to start forgetting the past where we had very large increases and focusing on the current reality. I'll give you a great example here. Look this:

Liechtenstein’s Blockchain Law, Crypto Banking and ICOs, Interview With Prime Minister (https://cointelegraph.com/news/liechtenstein-s-blockchain-law-crypto-banking-and-icos-interview-with-prime-minister)

see that the Prime Minister made many praises for blockchain, in every interview Prime Minister just praised blockchain, even when asked about crypto Prime Minister was talking about blockchain... What happens is that all governments look just blockchain and do not want know about crypto. Is as if crypto were something invisible and this is getting worse with each passing day. We need more and more governments to look at crypto in a positive way and adopt crypto.

The downtrend will continue till something fundamentally manages to reverse the sentiment, which is extremely difficult to achieve.

If we have to get out of current 'slump' without anything offering a helping hand, we can only let whales do their thing and absorb the excess of coins that are in circulation currently. The coins need to be taken off the market in order to get rid of a major obstacle for future growth.

Another thing is that the MtGox coin distrubition might play another important role to more coins coming back in circulation.

Positive aspect is that coins that have been sleeping for years are becoming virtually more expensive. With this I mean that instead of old hands holding Bitcoins bought at $100'ish prices, the coins dumped by them will land into the wallets of new investors having paid thousands of dollars for them, which significantly increases the base value of Bitcoin.

You can see that the market is constantly fluctuating and difficult to guess, so to be able to trade successfully at this point is very difficult to hit the Margin is very easy to lose, you will lose if only with a wrong judgment. So I think that at this point you should wait for the market to be better than can continue to trade.

That is the bottom to me, and I am buying bitcoin as a long term investment now. As many people are aware of bitcoin now compared to past it will not definetely decrease to 3000

Personally I think Bitcoin price will increase to next peak of 7000$ in a couple of days.But to get some profit at this raise,you have to hold the bitcoin.I hope that the price of Bitcoin will reach 7000$ before this month end.In this July,the price of Bitcoin will reach new peak.

Maybe that's already a bottom but we should not panic if this market continues to dump because it will rise again for sure. July is coming and I know it will be a great month for bitcoin and also for us. Bitcoin will increase instantly because those who sold at a loss will come back.

Still no sign showing that bitcoin will recover soon, but 7000$ is not really hard for bitcoin to reach. I think bitcoin will reach to 7000$ and then crash soon before making new peak.

It will raise in next peak so undoubtedly know this fact but peoples are eagerly waiting for the next hype. If you think it will grow in this month i do not believe your thoughts because current scenario no positive response are comes in the market. Then how it will raise in 7k USD may be it will stay in 6.5k USD i agree with you.

im still waiting for good news. i think only that to make bitcoin recover again
we cant predict where's bottom. ppl opinion said 9k 8k 7k 6,5k but that was wrong

I think its not that long. This market has seen worst case scenarios before and thats why most of the people who are old here know this fact very well and they are literally very calm about this situation. We should not forget that bitcoin never started with this prices, these prices are already a lot for the bitcoin and if it really wants to sustain it then it has to have that much supporters from all over the globe and also they need to focus on holding and supporting rather than just selling it. So the bottom in reference to the current market cap might be here, but we will never be sure about it as it could go further down and time will only tell the truth to us.

There is a tricky word bottom, we can never know actually is there a bottom or we can plunge further.  In my opinion we will be going deeper for some time on. And only God knows, when it will end.

While many spectators are waiting for the rise, the whales will bring them to the other side, I'm sure its a test of how we do trust the system and how long we can wait, there's already a lots of good news but still no big pumped happened, it's quite annoying but we shall need to be ore patients if we wanted to gain otherwise we will stress ourselves and breakdown.

If I’m right, the price rate for Bitcoin today is $6220🤔😕 Hmmm… well, even if you invest now and price goes down to $2000, there is nothing wrong with it cause I’m very sure that before the end of this year the price recover above $10,000. So no loss, no matter how long its going to take, one thing for sure is that the price is going to recover and you will still make profit. This is the right time, there is no need to delay.

It's pretty to imagine how such fall happen in just an hour, bottom? It might be. Its looks like market today is on the road for an in crease, though we won't expect such huge enough to compensate people who are patiently waiting. But it is good enough, at least we have seen progress from a long dip.

Yeah, its value started to go up and still there is no assurance when will continue to increased. This quarter is not good for the crypto because everything fall down. Time for us to hodl because 3rd quarter will come by next week and let us see what will be the behavior of the cryptos.

Explained well. From my point of view this the bottom for bitcoin and market will start moving from here.

i can't predict the bottom price but i expect that price would be bottom price and the price will not fall more than that but market situations seems quite unpredictable even though we expect the price will stopped to fall but don't mean we would not see more fall and i personally fear too bottom price will still continue

That's depend on news we are going to see this week. If it's just FUDs. No doubt, market will react and create a drop of its price. Many are posting their speculations and they'd even post some analysis with graphs and stuffs about their prediction. But most of them failed. This is only means that Bitcoin is hard to predict. So i don't believe even a professional analyst because no has the ability to know what exactly could happen to its price. Also the manipulation of the whales is what's keeping Bitcoin from dropping. It's like a pattern. We Bitcoin rising and sudden it drops. Anyway, im just here. Patiently waiting and hope table will turn for us and recover our losses.

unfortunately we can`t know where is the dip and many times also I thought it must be dip but proved wrong, I hope this time becomes like april when btc bounced from 6k to around 10k.

The current price of bitcoin now is around to $6000 and I really don't know if what will happen this coming few months, if it's going down again or continue to rising the value.

It will continue to dip at this rate I also have my limits to what range I would sell and that limit is coming so what I'm about to do is selp before I lose everything. This month will not be considered as a good time for pump at least it's not expected to happen soon.

Maybe plan well and expect that things will be more brighter and take this stage as still a correction pattern for new height to achieved, we seen a lots of downfall a couple of months ago, people speculate that the price will be on its stronghold, 6k$ was the expected barrier but it was been hit and the value fell more than that, now small recovering is ongoing and people are really hesitant to touch or to do anything about their investment, better to make some good decisions before doing anything and make you suffer mentally.

O please, don’t just do this. You are making people afraid of this situation. Just check out your comment and read it as you are newbie and have got intension to get into this world. So you are confused about it and want to seek some information. And here is your comments that are just fearing them so much. We are here to help them and acethey understand what is right for them.

We will not be able to predict precisely bottom of the bitcoin. It may be $ 4000 or even $ 2000. It is possible that prices will continue to fall and we will know Where is the bottom of the bitcoin

Brother we all are just waiting for the good news that must be coming from bitcoin. Otherwise I am not telling it about myself but people are losing interest in bitcoin. They are fed up with such long wait but nothing is coming from bitcoin. Now, this may be dire need of time that bitcoin have to jump for such long price ranges and quench the thirst of profit of people. Come on bitcoin.

Yesterday the price up $100 dollars but today down $200, it means that due to volatility in the price we cannot decide the future price. What will happen in this week will tell us by the time. If you hold your coins for long time no doubt it will give you good profits but for that patience and courage is required. You will have to wait for long time as much as the price grows again.

Yes we do not know to say whether the price will go up or down at this point and with decreasing volume it may be that the others have no clue as well. which means everyone is waiting and you may have to do the same thing in my opinion. You want to see the bottom there is no bottom because when Bitcoin starts then it starts with a few dollars in the past. That's the bottom line. So I am not sure why they would drop it too if there is no proper support for it now.

According to last year, when we see the market it is still not in the bottom 😑
Whatever the price will be, i hope it could be back into a high price.
It hurts to see the market day by day blooding.

I think that at this point you should choose short, you can see that bitcoin prices are showing strong signs and at the moment the market is very exciting, according to my analysis, the bitcoin price will may rise in the coming days and be able to recover to the $ 6400 mark. So I think you should choose short.

Finding a bottom of a falling market is very difficult task. There is a saying in trading world. No high is so high and no low is so low. I think the best option is to wait for reversal. So far there is no sign of reversal (just my opinion).

Everyone here has no idea when were the degradation of crypto value will be end and no one knows exactly when it would happen. The market is totally low and this is not a usual thing though the market goes down but it is not like this so I know that everyone are also sick to get a high earning but all we have to do right now is to wait.

I am not trying to be negative or anything but i think that the price is going to go down and up around the 6k range the whole year, because it has been 6 months and we haven't seen any thing that is promising about it , it has been going down hill for a long time and unless a miracle or a big news comes in changes the course of where bitcoin is heading i am afraid that things are going to stay this way.

There are rumors that bitcoin might go down to 5k because of the bearish movement if bitcoin stays at 6k but there is also rumor that bitcoin will rise to 6.8k if bitcoin stays 6k above. We should put our stop loss to avoid lost

I still think it would drop down more to maybe around $5k or even lower than that amount. And maybe recovers around the last quarter of this year or around a few months before the year ends. That’s why it is better to hodl on to your coins this year rather than selling them.

No one has forgotten about BTC, it's the opposite - governments keep talking about them, BTC is about to be tested as a payment method during FIFA World Cup 2018 and even CERN will take a Colloquium in a week in order to discuss cryptocurrencies, so this year must be the best year for BTC.

If we will rely on the indicators, it will finally pump few more days from now. But when the whales play and once they entered the market unexpectedly, the game is already controlled by them. Many traders already liquidated and disappointed because it hit down to $5.7k last time.

I will still hope bitcoin would not go as below as $6k.

Same here, currently we can see a slightly increased almost $500 I guess. Maybe it will continue to rise but it can also be possibly fall down deeper. I hope there's something event or news that could atleast make bitcoin price increased.

Same here.
I never thought it could end up with this kind of low but what the hell. I am still holding. I just want to see some strength in some holders here but I guess they are also weak when it comes to big dips.
Anytime new investors may come in so better be ready traders or you might find yourself late again.

For now, it calmed down again. I guess news about exchange hacks should stop to get the price back.

Well yeah you are right here. We don’t know the bottom thing. We really haven’t seen it along. But here in bitcoin world, we can say the bottom is about price reached to zero dollar. There is no rocket science in here. People have to understand that in down rates, you don’t have to be panic. Right now prices have just fallen more but your emotions mustn’t be drowned, keep them strong.

There is no one able to analyze the market any longer. In my view, the market is getting more real in that buyers are weary of high price and sellers on the other hand, are weary of low price. This you can observe in the volume in the market. 

it should be like that, bitcoin price is suitable for long term if you apply bitcoin as a short-term investment it seems not suitable.

I do not know if the price will go up or down at this point and with a decreased volume maybe others have no clue as well. which means everyone is waiting and you may have to do the same thing in my opinion. Currently it is the bottom for Bitcoin from the fact that it can drop even below this price anytime if there is no proper support for it from the investors now. The bottom is never predictable, at this point it can start up or it can go down even below instead.

Surely bitcoin wills start rising and it will keep on going high day by day, when something falls to the bottom then it start rising once again with new determination and new abilities so this is what bitcoin is at, bitcoin has started high and it will get high, bitcoin is unstoppable now this long journey of bitcoin being a top currency.

I shave in the crypto currency and I do not care how much bitcoin will be in the next year, I believe that sooner or later the crypto currency will be spread all over the world and maybe then we'll see bitcoin to the moon

For now I don't see any signs that we are done already, So maybe we will go even deeper from that, anyway I am persuaded that the things are cyclic and temporary... I'm still holding on.

Look at the market now who thinks that we have already started up with the bull market. I mean Two days ago bitcoin got pumped with 10% price rise and then it got stabilised at that rate. Afterwards, today 5% more rise from that stable point. The total market is not hiked by 15% and I believe this is the bull run we have entered into. BUT, there always possibility of going down so lets just wait for another hike or time when we will reach the value of &K USD and more. That would be fun to see and as always I believe that we will be very much high before the end of Q3.

I seriously think this is the bottom of Bitcoin.There might be positive correction in price of Bitcoin around the corner.The loss that has been cause by the dip of Bitcoin is very much and people are loosing their investment and the trust too.Now the rate of investment in Bitcoin is growing less and that is something we should be concern of and it's high time that Bitcoin shows it's athourity in the market.

No one can able to predict on which price would be the bottom.This is why on this market we would always have those speculations when it comes to possible price movement or ranges.
Waiting game? Then its always been part and the patient ones would definitely be rewarded when the market tends to recover. Basing on technical aspects we do have a good or strong support on 5800 price and it cant go even more lower but not an assurance thing because anything can happen in a snap.

The more that I tried to convince myself that I had bought the bottom and it was safe to hodl I just kept getting rekt. Since, I have continued to buy dips, with conservative stop/loss and in trades where I didn't get stopped out, I sold for profit. I don't think that the bear trend is over, but that doesn't mean you can't earn back some of the capital that you lost buying and hodling. Set realistic goals and take profit. Don't FOMO back in if it continues to go up after you've taken profit, just wait for the next entry.

I also believe that in the long term, Bitcoin will increase sharply, but in 2018 the downward trend of the whole market is huge. Along with many financial markets in the world, cryptocurrency is also experiencing a sharp decline from the beginning of the year and this trend may not stop.

I think in our situation now people don't care if will be down or will be go up the price because some of us is willing to wait or we should say that long term is best for us. And I believe this down trend not be longer it will end soon.

Not sure about it, the market is too much shaky and unpredictable. We all were expecting that price will not fall lower than 8k or 7k but it goes even below 6k and that was really hard day for crypto holders. Although I am still very confident that the price will rise but I am not sure when it will happen.
After July and August may be we can see the exact track that where we are heading, still now it's really difficult to say anything.

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we don't try find the bottom of market, it is so difficult to know where is bottom and top,nobody can buy at bottom and sell at top,it is impossible except you are so lucky,you should buy at the price you think it cheap price and you can accept risky with this coin,don't perdict about the market

This is market and every analysis could happen, we don't know anything about market, only learn from number and behavior. See again your analysis and if you see no opportunity/ can't hold any longer just cut loss. At this time many people ask the same question and get the same answer. All about you, decides what the best for you and do that. I already leave market because stuck in down trend for long term period make me stress.

That $6,000 support level have proven itself so many times this year and it is really hard to doubt it. That is the strongest support level and that will be our bottom. People are always willing to buy on that price because they know it will be safe or at least less risky when it hit that price.

Nobody can give accurate situation of price, because the main control system are only behind the management people on this business. All we can do on our different opinions are only comes from our speculations and predictions. Because no one can make a final decisions except the management on cryptocurrency business about price status movement.

I agree, though it touches to $5000 but it really comes back to $6,000. Since this is the strong support we hope it can sustain and even grow   more than $10,000 by December. I have coins for long trade too, I have nothing to do since it dive from the time bought it.  ;D

Well I agree to your thoughts about the revival of the market in terms of the last year’s scenario but as far as I think, the current situation is not exactly the same as they were last year. Besides, we have large number of manipulators. We have some good competition and government regulations as well.

These exogenous factors cannot be avoided because they affect the market but despite all these factors and hovering threats, I am hopeful the market might jump high till December.

It is now times for open potition long because in technical analysis price of Bitcoin in strong level support, we can see it from bullish engulfing candle. And in fundamental analysis there are many good news related crypto that this make more demand in short times. Like expert trader said the price of BTC possible to reach $50k in this year.

I really want it to be a bottom, many have lost a lot of money and want to return them. We are members of this community believe in the future of the blockchain and the crypto industry and want it to happen soon.

yes the price of $6000 yesterday is very good to buy and for long term investment now the price has started up and reached the last 6,500 I see. I think it's still good to buy because of many predictions that say the price will be $20000-#50000 this year. hopefully it happens

In this situation, better option would be to hold your coins. Reason is, right now prices are moving up and down and you can’t just test on them which way they would go farther. So instead of risking your coins, better option would be to hold them as long as you can. Soon prices would get up and things would get better. Then you will just sell them at high price and earn money.

Hold and buy more, this situation will change a lot after the bull start to show up, we know that the market is still unstable and lots of sway will possibly
to come but with some patients it will still profitable in the long run, investors and traders will keep coming in and out, trend will go favorable to our position and then the cycle will just repeat itself.

To be honest, I don't think that Bitcoin price will fall any further because there is no practical reason for the price to go down from this point after 65% correction. In fact, I am expecting Bitcoin price to rise in the second half of this year and big whales and institutional investors will join the game again in order to manipulate the situation and earn profit from it.

I don't think we should easily guess the bottom of the market. This will make us lose patience (waiting), the market will continue to fall, and any point may become the commanding height!

Actually the investment is a long process, in order to obtained a income you should wait too long just to earned it.
Sooner in future you will be grateful from the things you have did when you received the money.

It is the volatility of bitcoin which keep the bitcoin moving all the time, if you will buy some bitcoin right now then no one actually know what will be the price of bitcoin after few months so bitcoin is hard to tell the perfect price, it is good to trade for the long term and wait for the market to be high, never think it is easy to tell the time to selling, just keep on learning, buying and holding, keep your eyes on the market, soon you will be experienced to know about the time of selling and buying.

I don’t believe in predictions because I spent one year in crypto world and all the predictions I read were false and the facts were something different. Nobody can say exactly what will happen in the future, but it is quite good to hold your coins till the price grow gain atleast for this year because this year is not good so far for bitcoin price.

In my own opinion, i think that the bottom is $6k dollars because the price is playing around $5k ~ $6k dollars and most of the big whales are just waiting for the market price to drop very hard before hoarding a huge amount.

Everyone is longing for bitcoin. Many people I knew, they are just checking by month the price of bitcoin unlike me as a person, I tend to look at the price of bitcoin almost everyday. It's funny to think it that way but that's the truth.

IMO, it can still dip to around 5k as the investors confidence are not yet replenished since last year's bull run. The reason for this is that the people who has a tendency to invest in cryptocurrency are leaving the market because of all the FUD.

If we go to see the total Bitcoin price then we will see many confuse point at the past time. Just imagine the past where is $20K and where is $6K? So after looking to the past now, I have decided for long. Even it safe than day trading.

Dude, it went below 6k twice already this year with the bottom settling at around 5.8k. And the whales are likely the reason for this kind of movement. It's likely they're waiting for people to panic, but with the weak hands probably been shaken out already by this time, the bottom would most likely be just around the same figure.

They are doing the right thing because checking the price everyday will increase your headache and frustration. In my opinion investment in cryptocurrency should be for long time because it is also a business and any business will not give you profit from the very first day. You will have to wait for that but crypto is better than any other business because no work to do.

We should not pattern our decisions and activities based on other's. It's right that we try to make them as our  inspiration but we need to be innovative in our own decisions. In this case, by this time around, we are suppose to be waiting because the amount of bitcoin is starting to roll up once again. It actually increased by 10% already. Be ready dudes!

in my opinion it is already natural you wait until the price back up again because if you do not want to wait and can not control your patience then you will only lose your money.

We dipped below 6k on the weekend

I feel pity for those kind of people who don't have enough patience to make profits from their investment,they are going in a hurry when they see dump and they also will lose their money for someone who created that trap.Don't invest on bitcoin if you don't have enough patience to watch its prices were falling.

I am not a diver to measure where is the bottom, lol. So I'm trying to react properly on each fluctuation of Bitcoin and also not forgetting about alternative cryptocurrencies at that time.

Or use time lock to make sure you won't be able to touch your coins for whatever period of time. It's a great tool for people not trusting themselves to still benefit from Bitcoin's increases. On the other hand, maybe it's better for these people to not invest in Bitcoin at all. It could turn out to be extremely stressful for them seeing a bull run taking place and they can't sell to secure profits. It's not easy being a newbie here with how active this industry is. It's 24/7 non stop action where even a minute counts and could generate you a decent chunk of profit or puts you in the red big time....

The price already went up a little but it is not enough to assure that is is the beginning of a big recovery since we are still very close to the price of 6000 dollars but I will admit that it makes sense for the price to recover in the second half of the year but I do not think we are going to reach the previous all time high as many people are expecting.

I have bought bitcoin somewhere near 6000$ and of course I am going to hold bitcoin further because it is possible that there is a new strong upward trend in bitcoin and bitcoin will achieve the previous highs and make new ones so in the situation with bitcoin I am a long term investor.

You did a very good move, people think that investing and trading is about buying and selling stocks all day but this is what investing is about, if you invested an important amount of money in bitcoin it is entirely possible that the rest of your life will be assured with that single move, so now the only thing you need to do is to wait, you have made the right moves and the only thing left is for bitcoin to grow again.

On the crypto currency market, one can not guess when the price has reached the bottom, but it seems to me that the price range of 6300 -7000 dollars will be the starting point for a sharp rise in prices. Therefore, we sit and wait.

Just hold your coin, I think 5k is the lowest Dip. and whales are accumulating their coin between 5k to 8k price.

Bitcoin starting to rise now, there are many reasons why Bitcoin is pumping ,there are some news about ETF or CME. It looks like there are some big businesses starting to move in to cryptocurrencies which is really good news for every crypto people, it will continue until there is no FUD will happen.

I think so, in the current situation of crypto market which so many good news related crypto that make the demand will increase, so its good times to open potition long in crypto trading. Mostly all crypto in the deepest now and on oversold, just wait patient for bull run and we will make good profit.

Nobody can say what the actual bottom of bitcoin is. The price today is $6200 and what will be tomorrow nobody knows. But the most sensible decision about your coin is to hold them for long time because this bearish situation of the market will not last for long and good days will come soon. If you control your emotions about your coins you will be happy in the future.

It looks like its the last bottom that we are going to see because bitcoin is slowly recovering after hitting it. The market sentiments is looking good at this point. Although its possible that we can the price to plummet once all the hype surrounding the bitcoin ETF application or denial of SEC, but I don't think that we will hit $5800 again, probably we can bottom at $6K once the result of the review is not on our favor.


I don't know what charts are you looking. We have been around above $7K for the last two week if I'm not mistaken.

Its not epic long, there have been many events like this in the bitcoin market. We have seen biggest fall back in 2013, 2014 and in 2017 also. I guess this trend come in whenever the big exchanger hacks, bad news, and investors pulling back themselves starts overlying in the market. This is what we saw this year also and this time the intensity of whole thing was very strong and affected the bitcoin up surge lot of times. Its pretty normal because it take time to regain the trust of investors and bring them in so that they can put their investment to make the bitcoin go up. Yes, its really easy to calculate the after math as to why so many dips and why that much time for recovery.

This morning about 10 hours ago i just make open potition long in Bitmex and after 2 hours since that the price going up, and hopely the price will keep bullish until reach to $20K again. I still long for BTC and make long potition is better for now because many good news in the market.

It is not a good idea for you to place a long position and just wish for the price to reach $20k again because it will take a long time before that price will be reached by bitcoin again because it needs a lot of hype and demand before it happens. If you want to be safe in making profit then just buy and hold bitcoin for long term.

Now many can fall into the trap for bulls, because the market has been in depression for a long time and now every false move gives players a hope for a global turn. You can work for improvement, but you should strictly follow the risk control and work with stops, because this movement at low trading volumes is very unlikely to be the beginning of a truly upward trend in the market

Yesterday Bitcoin dumped but still stay above $6000 and look like want to going up again now,  Before yesterday the price of  of Bitcoin in low volatility and based on technical analysis normally after stay long with low volatility that mean the price want to start to bull run.  I still positive the price of Bitcoin will going up after this long bearish.

When prices are still in bad condition I tend to invest bitcoin for a relatively long duration because when I insisted on utilizing daily investment, it would be difficult to avoid a dump and give a loss.

Now a days bitcoin and crypto is in very fallen position but if we invest for the coming three months you can earn good amount in long term and if you hold it further for more than six months the chances of growth is more, Beside all this if you find opportunity to trade you must have to do that and it is improving the country economy and people need.

I see support patterns today. where bitcoin is dropped at $ 6K so it will fill the direction of the chart towards the $ 7K level. I believe this is only to support the increase through the communication of candles by the whales. so keep calm, you will make that profit.

Its just normal scenario in the crypto market when the prices go bearish it may take too long to get recovered for instance 2013 where the time take for revoering almost two years so it may even repeat again to reach new all time high.Is not that much long in my opinion though.

So you have not lost anything at all. Meanwhile, you do the right things. It is worth holding Bitcoin for a year at least. I suppose, its price will be fluctuating in the nearest 3 months, and then, it will go up.

Those who don’t have any trading experience should invest for long time because as you told that daily investment will face a definite dump in the price. To avoid this dump it is necessary to buy bitcoin and hold for long time, till the price doesn’t grow more. Smart investors can make daily investment because they know the right time for investment and selling.

Bitcoin is the pioneer and leading crypto in the market and when the price of bitcoin falls, Altcoin prices also fall and when bitcoin raises others also rise. Therefore we should concentrate only on bitcoin because it will grow up all other coins automatically. To help bitcoin raise more we should hold it for long time and never quit the market forever.

Many loses when they trade or sell their bitcoin below its costs. Maybe this 6k will be the bottom because it is very sad for us as hodlers and investors in cryptos if the value will drop again.

This year, for many, the price of bitcoin was unexpected. Many expected, perhaps, an endless price increase, but to their great regret this didn't happen. I will not hide, I also expected that there will be a correction in the spring, but with the beginning of summer we will dodge new peaks for Bitcoin.
Now we just have to accept the market for what it is. Don't be afraid and panic, as this will negatively affect your psychological state. And then you miss any opportunity to earn. Don't think about whether there will be a new bottom or not. Try to analyze charts and news background and calmly wait for your earning opportunities, but they surely will.
Last month was a great one to earn on BTC / USD. We also see that many altcoins began to pamp.
So don't despair.

It really not the best time for crypto investment, and yet we still need to out our trust for these.  It seems to be hard for everyone who are seeking for huge profit but it's sad it turns into less profitable.
It is not the end of crypto,  we still have ample of time to bring back bullish season and all worries will end up.

we see today the market is back down. i think this is a tough time. but for those who dare to take risks, i think now is the right time to invest. and be patient waiting for market to improve

IF thats the bottom,so we have been in bottom for three tims now,because bitcoin price drops below $6,000 this year?Lol I believe that the bottom is below. $5,000 and thts what im waiting for
Since my bitcoin had been bought from the $9,000 value

Stupid answer,how will the bull return if we will stop investing or if we withdraw our trust in crypto?Dont you have a brain ?Cryptocurrency value grows because of us,the unvestors damn

I also agree with this idea when Bitcoin fluctuates at different rates and at different times, so the price will be different. There is no bottom with Bitcoin that we feel at reasonable prices and good for home invest.

Obviously when it fluctuates, the price would move in different directions. For me we have reached the bottom this year already ($5800) so I don't see the price going further below $6k. In fact this trading sideways has put the price somewhat stable in the vicinity of $6000-$6500 so that's good indication that we weak hands and FOMO is no longer present in the market.

Bellow $6000 value happens twice after you posted this so it means this is not the bottom and i wish it arrived soon,so the growing season might start after that since this whole year gives us some losses
So after being convinced that this is the bottom,then what happened?Lol bottom is too far from $5000 so lets expect more drops of prices before we can easily say that bullrun is on the way

Looks like 6k worked very well as the resistence, when price bounce back everytime it hits that level. So I would say, probably it was, and it is the bottom, or if not, hopefully not too much below.

When making decisions, it is always tough and that is why investments never come easy and it is not everyone that tends to be a part of the benefit in the long term, because they are too scared or have no basic strategies to be taking some decisions. It is not about all the short movements in the market that counts, it is basically the long term growth that counts.

And sometimes, even as a trader, you always need to have it all planned out, before entering or exiting a position, which to me, all these little fluctuation is not something I would want to see as an issue at all, but a time to be taking those decisions that would give you the best in the long run.

because in trading or investing in crypto we must always be patient to wait until the market will experience an increase in the price of coins in it, because like bitcoin it will definitely increase and decrease

Surely it is nature of crypto currency it never stop at any price they will have to wait, in this age when everything is getting value and importance they will have a better life with a little patience and smartness so try to hold even if the price is getting below the price you bought your coin with, soon you will feel the price rising and then it will be good time for you to earn high amount of profit, so whenever you think about to invest try to invest for long term.

in my opinion it's already at the bottom price. several times bitcoin has a price of $ 6K but it has not reached below this price. as long as there is no bad news from the SEC. I think bitcoin will last for a while at $ 6k to $ 6500k, before continuing its jump at $ 7k to $ 10k. so keep holding with the condition of preparing funds to back up.

If it is not the best time, then when is the best time? When the market is already moving up pretty fast. In that case, you really want to have a strategy that can make you hop in as fast as you can without having to get to miss the initial take off.

Most times though, if you know you are not a regular trader, or you are the long term type, this is not a bad time at all, even with some stop loss below the last bounce. Most of the coins in the market though have really been in their lows for a while now, and it is only left for you as an individual to be taking advantage of them.

of course upward trend makes us hope to wait, if trend goes down and we wait, i think it is a futile act, because price is getting down and waiting for a trend reversal is longer

June is the last below $6000 value but yet we can’t be assure about reaching the bottom,because look until now market is red.and theres no indication of the bear coming soon.
I am confident that before the year end,there will be a good news for all of us.

This is fact and this is reality we will have to move according to the trend and the time, when market is high we will have to be ready selling and when it is not high so there is no reason to panic, you have suggested us wise things same as you I think we should wait to recover all loses, never panic just hold because patient one can get the best, I am sure about it.

Hello! I think now is the time. I do not believe that the price of Bitcoin will be below $ 6,000. But this is only my opinion, everyone decides for himself)) Good luck to everyone !!!

maybe for many people if you have bought at a high price this is the right time for the long term. now if you panic sell it will only be detrimental, not only large coins including bitcoin or ethereum but now all the coins are better used for the long term.

congratulations, so you have got the lowest price on Bitcoin. this is good for the long term. because after the lowest price is under $ 6K. currently Bitcoin has not reached that. rising and falling prices only at the level of $ 6.1K to $ 7K. Keep calm. then you will get a price of $ 7K - $ 8K.

In my opinion Bitcoin will be start for bullish run in 1 or 2 month later, and in May 2019 the price will surpass $20k, so now its best times for long and hold it untill the price reach 10 times. With low cap, Bitcoin will easy to going up another 10 times so dont miss this opportunity to make good profit from Bitcoin. And dont make  mistake, buy now and dont buy Bitcoin when the price on the top.

Do not worry too much, Bitcoin is down at the bottom and it is still stable at $ 6k. That has never happened so we can conclude that is the bottom. But you do not need to buy Bitcoin now, because this market will last a long time and I think you should invest in some of the potential ICO projects that will bring you more profit.

Yeah, bitcoin now have low price but if we make investments we will only have a small profit, better to try investing in altcoins that really have high potentials of giving us a lot of profit.

prices were held in the range of $6000 for quite a long time, investors were still hesitant to enter the market because they still thought this could fall deeper and would take a long time to make a profit for them. we can only expect prices to recover quickly with positive news and regulations and other issues on crypto that will provide opportunities for investors, users and the community to enjoy crypto profits

I believe that Bitcoin will not fall so deep. If the bull run does not come in December, I am ready to wait for it for several months more. Finally, most of the meaningful cryptocurrencies will gain.

I advise this to me friends that it is time to invest in bitcoin because this time bitcoin in the last of this year will show a huge rise and that would make us happy because after a long time bitcoin have never come to the good level and this is the reason that speculators are not interested because they don't see the price difference in it and bitcoin will take time to show rise and it will be the word of mouth for the educated community in the coming days while it will take some time for high growth.